Commercial Vehicle – Used CV
Finance for used trucks, tippers, tankers and buses — the segment we handle most. Funding against the vehicle's valuation, with tenure and instalment set around your route earnings rather than a fixed template.
- Loan amount₹3 L – ₹80 L
- Tenure1 yr – 5 yr
- Processing fee2%
Used Commercial Vehicle Finance
A used truck, tipper, tanker, trailer or bus is a working asset, and it should be financed like one. Ganesham Finance Services arranges used CV funding from the NBFCs on our panel who actually specialise in this segment — Cholamandalam, SK Finance, Kogta, Mahindra, IKF, Tata Motors Finance and others — rather than pushing every file at a bank that will look at the vehicle's age and decline it.
What it can be used for
- Buying a used commercial vehicle from a dealer or a direct seller
- Refinancing a vehicle you already own, to release working capital
- Taking over an existing CV loan at better terms (balance transfer)
- Adding a second or third vehicle to an existing fleet
How the funding is decided
Lenders fund against the vehicle's assessed valuation, not its invoice price. Age of the vehicle, make and model, the permit and route it runs on, and your own repayment record all move the number. A first-time buyer and a fleet owner with a clean track record will not be offered the same terms, and we will tell you which one you are being read as before the file goes in.
Who is eligible
- Individual owner-drivers, transporters, fleet owners, and proprietorship or partnership firms
- Existing transport operators, and first-time buyers with an established route or contract
- A valid commercial driving licence where the applicant is also the driver
Documents Required
- PAN Card and Aadhaar Card of the applicant and any co-applicant
- Address proof
- Bank statement for the last 6 to 12 months
- RC, insurance, permit and fitness certificate of the vehicle being financed or refinanced
- Existing loan statements, where there is a running vehicle loan
- ITR or business proof, where the lender asks for it
Every lender has its own list. You will get one consolidated checklist from us, and we will collect it from you.
Disclaimer: Interest rates, loan amounts, tenure, approval timelines and eligibility are indicative and may vary based on the applicant’s profile, lender policies, property evaluation, documentation and prevailing market conditions. Final approval is at the sole discretion of the respective lending institution.
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